In what kind of transaction is a contract provided by an entity that is not otherwise involved in the agreement?
A)Request for proposal
B)Terminal contract
C)Third-party contract
D)Bought contract

Question

Quizplus · Accepted Answer

In a third-party contract, the contract is provided by an entity that is not otherwise involved in the agreement.
Key Takeaway: Remember that "third-party" always refers to a situation in which someone is involved in a business transaction, deal, or mediation and they are not otherwise directly involved with the situation.

In What Kind of Transaction Is a Contract Provided by an Entity